Oklo initiated with an Outperform at Wedbush

Wedbush initiated coverage of Oklo (OKLO) with an Outperform rating and $26 price target Oklo is a small modular reactor manufacturer backed by Sam Altman whose goal is to bring SMRs directly to its customers on a unique business model. the analyst tells investors. Oklo is aiming to develop its first SMR, Aurora, the 15 MW passive compact fast microreactor, by 2027 and it will be one of the first designs to receive HALEU and is aiming to be scalable to 50MW & 100MW while operating for 10-plus years before refueling, says the analyst, who notes that the microreactor project pipeline is currently at 93% ahead of its 2027 planned deployment.